RE:Can a wormsMustangMatt wrote: Forget what Can a worms says. Analyst comments are next to useless, they talk there own book and play games. It's your money, you do the research, cheers Matthew
Many of them are grossly incompetent too. Meanwhile, check out this article from Bloomberg:
https://www.bloomberg.com/news/articles/2019-07-12/cracks-show-in-the-permian-s-promise-as-shale-producers-retrench
It's a Bloomberg article saying that the Permian oil production is peaking.
I think it is an excellent article and it's a harbinger of the things to come in the energy sector.
It seems that US shale oil production growth will peak and EIA's production estimates for 2019-2020 will prove to be overly optimistic.
So investors have to be picky and the energy names with healthy balance sheets will thrive once WTI stabilizes above $60.
Of course, we need Trudeau to lose the next elections.
If Trudeau loses the upcoming elections, many international energy funds who exited Canada because of his anti-energy policies will return and re-invest in selected Canadian energy names with strong balance sheets.